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20110701
20110731
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as you know can happen instantly if some big player decides to sell off. >> obviously i'm not qualified to speak on behalf of the markets and what they will or will not do, but just my own judgment based upon all the various kinds of conversations that are occurring, are that we will find a way to deal with this issue. we do know that the root cause of our debt and deficit problem is spending is just too high. we also want economic growth. we don't want to embrace policies that we sincerely believe will damage the economy and hurt job creation. if you do that, then you lose even more revenues. so what we want to do is get a downpayment on our deficit and debt by getting spending cuts. i think that there are constructive conversations that are occurring both sides of the rotund rotunda, both sides of pennsylvania avenue. i do believe cooler heads will prevail. >>> what are the constructive conversations? for instance, are some elements of the gang of six proposal, i know you said it's not specific enough, it doesn't go adequately to slowing the growth of health spending, but are there co
the media has not done a good job portraying how big the taxes are to them. a lot of the member haves a religious fervor that any type of tax increase is not acceptable. boehner going from $800 billion in revenue could beรง explainedo go up to $1.2 trillion which is white house suggested that wasn't a number is still open to debate was something is that boehner saw it as one aide told me impossible, a dis, they couldn't move it at all. >> one of if big issues is what are the markets saying and how are they reacting? it's been muted so far. i've talked to people, finance people who basically say that wall street is looking at this and saying both sides are talking about cutting spendsing and reducing the overall debt. so the conversation is at least focused on what they want to see and there's still a belief that they'll get it done before this is all over. i wanted to play a little bit of hillary clinton. she has been traveling throughout the world in asia, in hong kong today. this was her attempt tory assure the markets. >> very interesting choice of words from her. >> as i have tra
Search Results 0 to 3 of about 4 (some duplicates have been removed)